Arabian Business reported that Blocko has officially launched in UAE in the partnership with SEED Group, which is a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum.
Blocko is a leading blockchain provider and is financed by South Korean electronics giant Samsung. It raised US$8.9 in funding in June 2018 as well as a further US$7.44 in Series B+ round from banks in South Korea such as Shinhan Bank, KEB Hana Bank, LB Investment and Dadam Investment last month.
Blocko is now bringing its Aergo platform, an enterprise blockchain technology, to the Middle East, hoping to duplicate its success in Asia and Europe
Phil Zamani, co-CEO of Blocko and founder of Aergo platform, said the platform was launched in line with the increasing demand for data sharing between industries and companies in various areas.
The areas that need the platform include identity verification, document management and the Internet of Things.
Blocko has already rolled out 38 enterprise blockchain solutions in South Korea for companies like Samsung, Cisco, and Hyundai Motors.
